1137. Deputy Tony McLoughlin asked the Minister for Housing, Planning and Local Government if consideration will be given to examining an issue regarding the way in which the maximum amount allowed to be borrowed under the Rebuilding Ireland home loan scheme is set at €250,000 in view of the fact that this funding cannot be allocated to an applicant if the house the applicant plans to build will be worth more than €250,000 upon completion; if his attention has been drawn to the fact that this approach does not take into consideration varying land values, locations and other localised factors (details supplied); his views on whether the scheme focuses on a minority as opposed to the majority of the population that is seeking assistance with building a new home under the scheme; his further views on whether the scheme is not fit for purpose in this regard; and if he will make a statement on the matter. [44682/19]

Summary

1137. Deputy Tony McLoughlin asked the Minister for Housing, Planning and Local Government if consideration will be given to examining an issue regarding the way in which the maximum amount allowed to be borrowed under the Rebuilding Ireland home loan scheme is set at €250,000 in view of the fact that this funding cannot be allocated to an applicant if the house the applicant plans to build will be worth more than €250,000 upon completion; if his attention has been drawn to the fact that this approach does not take into consideration varying land values, locations and other localised factors (details supplied); his views on whether the scheme focuses on a minority as opposed to the majority of the population that is seeking assistance with building a new home under the scheme; his further views on whether the scheme is not fit for purpose in this regard; and if he will make a statement on the matter. [44682/19]

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• Home Loan Scheme

  xml · EN · 5 November 2019

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